Zvision

Zvision closes tens of millions of dollars in Series C funding, raising nearly $100 million this year.

Xpeng is Zvision's sixth-largest shareholder with a 5.77356 percent stake. Baidu is the ninth-largest shareholder with a 5.00001 percent stake.

The two companies will collaborate on a lower cost, mass-production-ready L4 autonomous driving front-end solution based on solid-state LiDARs.

This is the first time we have seen Xpeng invest in a LiDAR maker. The LiDAR supplier for the Xpeng P5 is Livox and for the G9 is RoboSense.

Zvision is currently valued at around RMB 1 billion ($155 million), Chedongxi.com said, citing sources familiar with the matter.